International Services
With the world's changing economy, many companies have discovered more
opportunities to expand their business into international markets. Bank
of Oklahoma understands the vital role a bank must play in the international
trade process. Therefore, we know how critical it is to have a local bank
capable of handling your needs.
Our
success has been our customers' appreciation of the knowledgeable and professional
staff
working to ensure the highest quality and most appropriate
international financing services. Highly automated services and an extensive
network of foreign correspondent banks provides fast reliable services
when and where you need them.
LETTER
OF CREDIT
Export Letter of Credit
Exporters who receive letters of credit as the method of payment can reduce their foreign buyer's credit risk.
Import Letter of Credit
When foreign suppliers request a letter of credit for payment, we can help your company with
proper preparation and issuance of letters of credit, that will protect you and comply with your customer's needs.
Standby Letter of Credit
Standby letters of credit can enable your company to secure a financial or performance obligation with the
beneficiary.
FOREIGN
EXCHANGE
Exporters and importers may want to benefit from the utilization of
foreign currencies in a transaction. Bank of Oklahoma maintains foreign
correspondents in countries worldwide which provide quick and efficient
delivery of actual currency, travelers cheques, drafts or wired funds.
COLLECTIONS
Bank of Oklahoma has the ability to collect checks written on foreign
banks, either in foreign funds or U.S. funds. We can also assist you
with documentary and clean collections as an alternative to sales
made on open account or backed by letters of credit.
INTERNATIONAL TRADE FINANCE
Banker's Acceptance
Bank of Oklahoma handles this type of negotiable time draft drawn
on and accepted by Bank of Oklahoma to finance the shipment or storage
of goods. Banker's Acceptances finance both exports and imports for
a future maturity date. Time drafts can be discounted and paid to
the beneficiary on an "at sight" basis.
Working Capital Programs
Pre-shipment working capital
Labor, materials, services and allocated factory overhead for exports
are available through Bank of Oklahoma. BOk offers export trade financing
through the support of programs with the U.S. Small Business Administration
and the Export-Import Bank of the U. S. (Ex-Im Bank).
Post-shipment
Offering terms to a foreign buyer often provides the competitive edge
for exporting companies. Bank of Oklahoma offers account receivable
financing for foreign accounts secured through export credit insurance
of the Export Import Bank of the United States. Short term financing
is available for consumable products and capital goods for terms up
to a year. Bank of Oklahoma provides attractive advance rates up to
95% of the receivable. Competitive rates and terms are available.
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Highlights |
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Financial Position Update |
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>> For more information on our stable financial position, please click here.
To find out more information about BOK Financial, our parent company, please click here. |
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